The Office of Terrorism and Financial Intelligence (TFI), formed in 2004, is an agency of the

United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ...

. TFI works to reduce the use of the financial system for illicit activities by terrorists (groups and state-sponsored), money launderers, drug cartels, and other national security threats. The Office of Terrorism and Financial Intelligence is headed by the Under Secretary of the Treasury for Terrorism and Financial Intelligence who is appointed by the

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

and confirmed by the

Senate A senate is a deliberative assembly, often the upper house or chamber of a bicameral legislature. The name comes from the ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior (Latin: ''senex'' meaning "the el ...

. The position was vacant after the departure of

Sigal Mandelker Sigal Pearl Mandelker (born 1971) is an American lawyer and former government official who served as Under Secretary of the Treasury for Terrorism and Financial Intelligence from 2017 to 2019. In October 2019, she stepped down from the posit ...

in October 2019. In December 2021, Brian E. Nelson was confirmed by the Senate in a 50-49 vote as the next Under Secretary. TFI oversees the Office of Terrorist Financing and Financial Crimes, the Office of Intelligence and Analysis, the

Office of Foreign Assets Control The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy o ...

, the Financial Crime Enforcement Network and the Treasury Executive Office for Asset Forfeiture. The U.S. Treasury Department is the only national finance ministry with its own in-house intelligence agency, with offices around the world, including

Islamabad Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital ...

and

Abu Dhabi Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the Capital city, capital and List of cities in the United Arab Emirates, second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dha ...

History

The TFI was founded in 2004. Its first Under Secretary was Stuart A. Levey who was sworn in on July 21, 2004. He was a political appointee of President George W. Bush and President Obama asked Levey to remain in the position. Levey served until March 2011 and was succeeded by David S. Cohen on June 30, 2011. He left the position on February 9, 2015, and was succeeded by Adam J. Szubin who acted in the position from April 16, 2015, to February 13, 2017.

was nominated for the position by President

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...

in March 2017, and confirmed by the Senate on June 21, 2017. The position was vacant after Mandelker's departure in October 2019. On May 26, 2021, President Joe Biden nominated Nelson to serve as Under Secretary of the Treasury for Terrorism and Financial Intelligence. On June 22, 2021, the Senate's Banking Committee held hearings on Nelson's nomination. The committee deadlocked on his nomination on October 5, 2021, in a

party-line vote A party-line vote in a deliberative assembly (such as a constituent assembly, parliament, or legislature) is a vote in which a substantial majority of members of a political party vote the same way (usually in opposition to the other political ...

. The entire Senate discharged his nomination from the committee on October 19, 2021, in a 50-49 vote. On December 2, 2021, Nelson was confirmed by the Senate in a 50-49 vote.

References

External links

* {{Authority control Terrorism and Financial Intelligence Financial crime prevention Intelligence analysis agencies